iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Reaches New 12-Month High – Should You Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMGGet Free Report) hit a new 52-week high on Monday . The company traded as high as $86.07 and last traded at $86.07, with a volume of 3280 shares trading hands. The stock had previously closed at $85.63.

iShares Core MSCI Emerging Markets ETF Trading Up 0.8%

The stock has a market cap of $167.47 billion, a PE ratio of 14.65 and a beta of 0.72. The company has a fifty day moving average of $80.39 and a 200-day moving average of $74.15.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

Institutional investors have recently bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new position in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth approximately $28,000. Archer Investment Corp increased its stake in iShares Core MSCI Emerging Markets ETF by 148.1% during the 1st quarter. Archer Investment Corp now owns 459 shares of the company’s stock worth $32,000 after buying an additional 274 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth approximately $35,000. Finally, Provenance Wealth Advisors LLC lifted its holdings in iShares Core MSCI Emerging Markets ETF by 278.9% during the 1st quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock worth $35,000 after buying an additional 371 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Company Profile

(Get Free Report)

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.

Further Reading

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